GreenSky Credit Is A Great Program – Here’s Why

In 2006, GreenSky, Inc. was created by David Zalik. The fintech company is still alive and well, lending a total of $5 billion to nearly one million customers from 2012 to 2016 while maintaining its Atlanta, Georgia headquarters as its home base of operations.

Over the years, GreenSky has lent upwards of $13 billion to about 2 million customers since the company was founded. More than 13,000 lending merchants partner with GreenSky to offer loans to customers.

What makes GreenSky Credit so special?

First, we should consider the question, how do most lenders operate?

Predicting things with absolute certainty is impossible. As such, it’s impossible for lenders to determine whether a given debtor will cough up however much money they’re indebted to creditors. In order to have a chance at profiting from lending money to potential debtors, financial institutions have to perform tried-and-true, thorough background checks to help assess the creditworthiness of prospective borrowers.

Failing to check the backgrounds of potential customers – or failing to assess these backgrounds well enough – often results in such lenders incurring major financial losses.

In order to profit, lenders spread their money across tens or hundreds of debtors to leverage risk. If they set their interest rates high enough, they’re likely to both make money and lure customers in close enough to become repeat customers.

Here’s why GreenSky Credit is so successful

GreenSky Credit is unique as a lender because it doesn’t actually own any of the money it lends to customers; the company doesn’t take on substantial loans ranging in the tens or hundreds of millions of dollars in the name of lending money to consumers. Rather, GreenSky Credit links roughly 1,000 applicants every day to lenders whose credit programs are backed by state and federal charters and insured by the United States federal government.

The company takes a percentage fee from all loans its customers are approved for from both the financial institution and their customers themselves. That’s how GreenSky earned upwards of $85 million in its most recent financial reporting period.

https://www.cnbc.com/2017/05/25/how-greensky-billionaire-david-zalik-built-a-tech-empire-from-age-14.html

GreenSky Credit Offers Alternatives for Cheap Home Improvement Loans

You might be intending to improve your home, but you do not have the necessary funds to do that. Some mainstream lending institutions can lend you the money at a decent rate, but you are borrowing little money such that the banks are not willing to assist you in your project. If you are experiencing or in such a condition, GreenSky Credit is the best alternative for you where you can easily access small loans for home improvement through mobile application rather than through credit cards.

  • What is GreenSky Credit?

This is the fastest and easiest way through which you can access bank loans without the necessary paperwork. It is a platform where borrowers can easily meet with businesses and banking institutions and access loans within a short period. The loans accessed can be used in purchasing goods and services in the local retail outlet, or they can be used in paying a contractor who has been involved in a home improvement project. This type of loan comes with added benefits such that you can pay 0% on the interest rate for the first 18 months, especially if you consider using one of the in-network pros.

Currently, the organization is partnering with more than 12,000 business merchants and is working with the federal-insured banks to make sure that all the borrowed funds have been secured. GreenSky Credit is giving opportunities to borrowers to access small amounts of money at lower interest rates rather than through credit cards where they will be required to pay an exorbitant amount of money through interest. Despite getting the loans at lower interest rates, all the rigorous paper works that are involved have been eliminated to make the process efficient. Current statistics indicate that GreenSky Credit has been able to provide more than $12 billion in loans to a large number of customers going beyond 12,000.

  • How the Credit Works

The loan application process involves a typical online loan application where an individual fills in personal information and the intended use of the money. The borrower will then be required to indicate the purpose of the loan upon which he/she will be able to access up to $55,000. This application is approved immediately, and one can continue to use the money without challenges.

https://www.linkedin.com/company/greensky-trade-credit

Robert Deignan The Intuitive Businessman

There is no shortage of aspiring successful entrepreneurs in this day and age. The market is competitive and seemingly flooded with people pursuing the same goal. To be their own boss. To own their own business and be successful at it. To be free, both time-wise and financially. To achieve this, many fail to reach success because of not obtaining one of the keys – Modeling. Modeling is something that the wealthy use when finding strategies and techniques to implement into their own business ventures. When they do this, many entrepreneurs decide to model those strategies and techniques that have proved successful for the already highly successful and effective business gurus. This article is about one of those people, Robert Deignan.

Robert Deignan graduated from the University of Purdue and soon went on to play professional football for the teams, the Miami Dolphins and the NY Jets. After accomplishing his goals in his athletic career, Robert decided to take a swing at the corporate field. He went from the grid iron to the stock market.

Taking the many values and his own personal strength of will with him, Robert Deignan co-founded Fanlink Inc, his fist entrepreneurial venture. He now works as the CEO and co-founder of ATS Digital Services. Before he was the big man in charge, he worked for an anti-malware software company, which is where he got the idea for ATS from. That’s when he and his business partners decided to integrate the lessons they learned from using remote connection technologies.

During an interview, Robert Deignan revealed that one of his best qualities is the fact that he is always listening to his gut. Although this is a positively strong trait to posses, it did not develop overnight. Robert goes on to state that he had to train himself for years to be able to consistently listen to his gut.

One of his other hard won techniques that he advises on using to increase productivity is analyzing the numbers. The numbers don’t lie. If something is not working, he will pull out of it. If something is working, he will put the throttle down on it.

http://www.atsdigitalservices.com/